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Wigwe: Access Holdings Appoints New Chairman

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In a significant leadership change, Aigboje Aig-Imoukhede, the esteemed pioneer Managing Director of the Access Bank Group, has been named as the new chairman of Access Holdings.

This pivotal appointment comes following the departure of Mr. Abubakar Jimoh, the former Chairman of the HoldCo, who transitions to the role of Independent Non-Executive Director on the board.

Aig-Imoukhede’s return to the group after a decade is marked by a sense of both renewal and remembrance, as he steps back into a prominent position following the tragic passing of his friend and co-founder, Herbert Wigwe, earlier this year.

BIZTELLERS recalls that Wigwe, along with his wife, Doreen, and son, Chizzy, met a tragic end in a helicopter crash near the Nevada border, United States of America, casting a shadow of grief over the Access Bank community.

In a private ceremony held on March 9, Herbert Wigwe, his wife Doreen, and their son Chizzy were laid to rest in a tomb within the grounds of the Wigwe University, a testament to their enduring legacy and contributions to education and community development.

Located in Isiokpo, Ikwerre Local Government Area of Rivers State, the university stands as a tribute to Herbert Wigwe’s vision and commitment to empowering future generations.

In the wake of this solemn occasion, Access Bank announced the appointment of Aigboje Aig-Imoukhede as chairman of Access Holdings.

Following extensive consultations with key stakeholders, the decision to invite Aig-Imoukhede to lead the helm of governance was reached unanimously by the Holdco Board.

The bank said “With an illustrious career spanning several decades in the banking and finance sector. Mr. Aig-Imoukhuede has proven to be an exceptional and influential leader, having admirably laid a solid foundation for Access Bank’s success as Group Chief Executive Officer between 2002 and 2013 ably supported by his partner and deputy, the late Dr. Herbert Wigwe, CFR who later succeeded him.”

The bank highlighted Aig-Imoukhuede’s transformative leadership, crediting him with spearheading Access Bank’s remarkable growth and solidifying its position as a trusted financial institution.

Under his stewardship, the bank expanded its customer base from ten thousand to over six million, with a workforce of more than 5,000 employees and an asset base of $12 billion.

In response to Aig-Imoukhuede’s appointment, Jimoh expressed his enthusiasm, hailing it as a landmark moment for Access Holdings.

He said “Mr. Aig-Imoukhuede’s appointment to the Board and subsequent election as Chairman. is a landmark development for Access Holdings. All our board members are excited about our future.”

Aig-Imoukhuede, commenting on his appointment, expressed his excitement at rejoining the Access Group ecosystem in an active capacity.

He said “I am thrilled to be back in active service to the Access Group ecosystem. I am confident that working with our directors, our exceptional team of executives and our best-in-class banking and finance professionals, we will deliver outstanding value to our esteemed stakeholders. I am determined that our shared vision which Dr. Wigwe gave everything for, will be realised.”

After stepping down as the bank’s CEO in December 2013, Aig-Imoukhuede ventured into a new realm by co-founding the Tengen Family Office Limited.

This entity now oversees a diverse array of investments and enterprises spanning banking, finance, insurance, technology, real estate, and energy sectors.

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  1. Shari Clarke

    March 14, 2024 at 4:38 pm

    I was recommended this website by my cousin. I am not sure whether this post is written by him as nobody else know such detailed about my difficulty. You are wonderful! Thanks!

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Stop EFCC From Selling My Assets – Diezani Tells Court

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Former Minister of Petroleum Resources, Diezani Alison-Madueke, has approached the Federal High Court in Abuja, seeking an order to stop the Economic and Financial Crimes Commission (EFCC) from selling off properties confiscated from her.

Alison-Madueke, through her legal team led by Chief Mike Ozekhome (SAN), also requested the court to compel the EFCC to recover any assets already auctioned.

She accused the anti-graft agency of violating her fundamental right to a fair hearing, arguing that the sales were conducted without due legal process.

READ ALSO: Court Backs Diezani&’s Request To Amend Lawsuit Over EFCC’s Asset Forfeiture

She claimed the EFCC relied on final forfeiture orders obtained from various courts but failed to serve her with any charges, proof of evidence, or court summons regarding the seized properties.

According to her, the forfeiture orders were secured through “misstatements, misrepresentations, non-disclosure, concealment, and suppression of material facts.”

“In many cases, the final forfeiture orders were made against properties which affected the Applicant’s interest, the courts were misled into making the final order of forfeiture against the Applicant, based on suppression or non-disclosure of material facts,” she stated.

The former minister further argued that the courts which issued the forfeiture orders lacked jurisdiction and failed to respect her constitutional right to a fair hearing.

She insisted that she was outside Nigeria for medical treatment since 2015 and had no access to Nigerian newspapers where the forfeiture notices were reportedly published.

Alison-Madueke also maintained that she had not been convicted of any crime, making the forfeiture and subsequent sale of her properties unjustifiable.

“Only a court of law can declare an act as constituting unlawful activities and there was no such order that had declared the alleged conduct of the Applicant to be unlawful,” she argued.

In a counter-affidavit, the EFCC insisted that the properties were lawfully forfeited following extensive investigations into Alison-Madueke’s tenure as a public official.

The agency cited two criminal cases against her, including suit FHC/ABJ/CR/208/2018 filed in November 2018 and HC/ADYL/56c/2017 filed in July 2017.

The EFCC stated that the asset sales were conducted based on final forfeiture orders issued by Justices C.A. Obiozor and I.N. Oweibo in 2019.

It maintained that all necessary legal procedures were followed, including public notices in newspapers inviting interested parties to contest the forfeitures.

“The final forfeiture orders pursuant to which the sale of the properties was conducted are still in force and have not been set aside. The forfeited properties were disposed of in accordance with the due process of law,” the agency stated.

During Monday’s proceedings, Alison-Madueke’s lawyer, Godwin Iyibor, requested additional time to respond to the EFCC’s counter-affidavit, which was served on March 14. EFCC’s counsel, Divine Okoro, acknowledged delays in filing but assured the court of the agency’s commitment to the case.

Justice Inyang Ekwo adjourned the matter to March 27 for a definite hearing, warning that no further delays would be entertained. “The case has been pending since 2023,” the judge noted.

Alison-Madueke’s legal battle with the EFCC also includes a separate ₦100 billion defamation lawsuit against the agency.

In that suit, she alleged that the EFCC had authored and sponsored publications portraying her as a treasury looter, which she claimed subjected her to “public ridicule, odium, contempt, derision, and obloquy.”

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Kano Gov Threatens To Reclaim Vacant Homes In Kwankwasiyya, Others

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May 29: Kano Gov-elect, Yusuf Extends Invitation To Emir Sanusi II

Kano State Governor, Abba Yusuf, has issued a three-month ultimatum to individuals who purchased houses in Kwankwasiyya, Amana, and Bandirawo cities, warning that failure to either occupy or rent them out will lead to revocation and reallocation.

The directive was announced on Monday during the swearing-in ceremony of the newly appointed Commissioner for Housing Development, Ibrahim Adamu, a former Managing Director of the Kano Urban Property Development Authority.

READ MORE: EFCC Re-Arrests Popular Kano TikToker For Naira Abuse

Governor Yusuf expressed concern over the large number of vacant houses in these estates, which were developed during the administration of former Governor Rabi’u Kwankwaso and later sold to private buyers.

Many of the homes, however, remain unoccupied, raising fears of deterioration and potential security threats.

“We are giving all those who purchased houses in these cities, especially Kwankwasiyya and Amana, an ultimatum—either occupy them or rent them out. If not, the government will revoke the allocation and sell them to those willing to live in them,” the governor declared.

He emphasized that his administration would not allow these estates to become hideouts for criminals, stressing the need to maximize available housing to address the state’s accommodation challenges.

Governor Yusuf also tasked the new Commissioner for Housing Development with tackling Kano’s housing deficit, reaffirming that the ministry was created to address both urban and rural housing needs.

Additionally, he commended the Kano State House of Assembly for their support and cooperation in governance.

 

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BREAKING: APC Urges El-Rufai To Salvage Some Responsibility

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Kaduna allocates N300m For Corps Members’ allowances In 2023 Budget – El-Rufai

 

The ruling All Progressives Congress (APC) has shred Mal Nasir El-Rufai over his assertion that the party had deviated from its original goals, with many members now in pursuit of personal interests.

This was detailed in a statement on Monday, in Abuja under the signature of its National Publicity Secretary, Felix Morka, Esq.

Morka maintained that El-Rufai’s “claim that he exited because the Party had deviated from its founding values or progressive ideology is a smokescreen to weaponise personal grievance garbed as principled dissent. El-Rufai appears traumatised by his failure to land a ministerial position. Nursing a bruised ego, he now lashes out at the platform he rode to political prominence.”

ALSO READ: Edo Considers Arresting Sponsors Of Armed PDP Thugs

Issued under the subject, ‘APC to Mallam Nasir El-Rufai: Quit Sulking, Get a Grip, Salvage Some Responsibility, the statement reads, “In his frenzied attempt to justify his rather implausible exit from the All Progressives Party (APC), Mallam Nasir El-Rufai, former Governor of Kaduna State, in an interview with BBC Hausa, opined that APC has deviated from the progressive ideals of its founders and turned into a party where “everyone is now pursuing personal interests.”

In a once viral video, El-Rufai did not hold back when he deprecated politicians, who he argued were consumed by the pursuit of self-interest. In his words, “We have politics of private interest. We have no politics of public interest. Politicians will proudly tell you that politics is about interest. They are ready to collapse the system if they don’t get what they want.”

Today, El-Rufai stands diminished as the epitome of a self-interested politician, blinded by ego, driven by untamed emotion, and brimming with a vengeful desire to “collapse the system.”

In his BBC interview under reference, El-Rufai supplied the real reason for his soreness, stating that he was disappointed by the way he was treated by President Bola Tinubu and his administration, in ostensible reference to his failed ministerial bid. His claim that he exited because the Party had deviated from its founding values or progressive ideology is a smokescreen to weaponise personal grievance garbed as principled dissent. El-Rufai appears traumatised by his failure to land a ministerial position. Nursing a bruised ego, he now lashes out at the platform he rode to political prominence.

APC’s commitment to its founding values and ideals remains as valid and progressive today as they were then. El-Rufai’s allegation of a drift from our Party’s founding values exists only in his foggy imagination. Assuming that matters of political conviction had anything to do with his exit, exactly how is the Social Democratic Party (SDP), El-Rufai’s new political abode, an ideological safe haven?

El-Rufai’s call for opposition members to join him under SDP banner is nothing short of an invitation to drink from a chalice poisoned by selfishness, vengefulness, and delusion of grandeur. Nigerians are far more savvy than El-Rufai thinks, and they know that he is driven by raw self-interest rather than a genuine concern for the country.

Our great Party is unfazed by El-Rufai’s grudge-laden tirade. We continue to welcome millions of new members across the country, who are joining to identify with the Party’s lofty values and support President Tinubu’s bold and transformative policies now birthing sustainable growth and prosperity for our country.

El-Rufai’s claim that Tinubu has failed is as outrageous as it is bogus, and a gross distortion of the reality on the ground. Across all sectors, Nigerians are witnessing tangible progress in the delivery of the President’s campaign promises. Indisputably, Nigeria is better off today than when he took office.

President Tinubu has demonstrated an ironclad commitment to good governance and launched unprecedented policy reforms to address the country’s generational challenges. The removal of fuel subsidy now saves Nigeria an estimated ₦4 trillion annually. The unification of exchange rates has resulted in higher foreign exchange inflow, while the country’s foreign reserves have shown resilient growth despite global economic pressures. President Tinubu’s financial diplomacy has attracted significant foreign direct investment, and reforms in customs and taxation have led to a massive increase in non-oil revenues, while sustained reform in the oil and gas sector has led to a historic boost in the country’s oil export, now upwards of 1.8 million barrels per day.

The President’s strong political will to re-imagine and revitalize Nigeria’s economy is paying off with significant improvement in the country’s GDP growth rate now surging to 3.8% year-on-year in Q4 2024, up from 3.46% in the previous quarter, marking the highest growth rate posted since Q4 2021. This is a direct outcome of the administration’s prudent economic policies and providing a favorable business environment that is widely applauded by the international financial and investment community.

Further, Nigeria’s balance of payment has seen remarkable improvement, with a substantial trade surplus of $14.31 billion in 2024. This is a result of the administration’s vigorous promotion of non-oil exports, reduced reliance on imported goods, and diversification of the country’s economy.

This impressive performance precedes an impending data overhaul, which may reveal an economy that is larger than initially estimated. Prospects for further growth is assuredly bright, with real GDP projected to increase from 3.0% in 2024 to 3.6% in 2025, according to Afreximbank Trade Intelligence Solutions.

In addition, under President Tinubu’s steady leadership, state and local governments now receive vastly higher allocations from the Federation Accounts Allocation Committee (FAAC), enabling them to extend development to their people. This increased funding has become a potential game-changer for grassroots development, making it possible to execute critical projects and provide essential services to all Nigerians.

Nigerians do not doubt President Tinubu’s uncompromising commitment to economic reform, good governance, and improving their welfare. Rather than engaging in scurrilous propaganda and deliberate misinformation, El-Rufai should offer constructive criticism or alternative policies as expected of serious-minded political opposition. His misleading rhetoric and personal attacks on the president are reprehensible and calculated to undermine the country’s progress.

El-Rufai is free to choose his political affiliation, as he has done. He should stop sulking, get a grip, and salvage some respectability.

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